Federal Loans to EV Battery Plants Under Scrutiny Amid New Commitments
TL;DR
Vivek Ramaswamy, a colleague of Elon Musk in the Department of Government Efficiency (DOGE), criticized recent federal loans to Tesla's competitors, Stellantis and Rivian, labeling them as part of a "midnight spending spree" by the outgoing Biden administration. Ramaswamy vowed that DOGE would scrutinize these transactions, raising concerns about potential favoritism towards Musk's Tesla. Critics argue that DOGE could be used to benefit Musk's businesses by targeting rivals under the guise of cutting government waste.
- Vivek Ramaswamy Claims DOGE Will ‘Scrutinize’ Federal Loans to Tesla’s Enemies Gizmodo
- LPO Announces Conditional Commitment to StarPlus Energy to Construct Lithium-Ion Battery Factories in Indiana Energy.gov
- US to loan $7.54B to Stellantis joint venture for 2 EV battery plants Electrek.co
- Kokomo UAW chapter says Stellantis will unionize new battery plant WRTV Indianapolis
- Vivek Ramaswamy says DOGE will 'carefully scrutinize' loans Biden gave to Tesla rivals Business Insider
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